Shared office segment may see mergers and acquisitions

Consolidation, rationalization and expansion to be key themes this year

China's co-working space market will see more mergers and acquisitions this year and the next as more resources and capital flow into top operators, an industry report said.

The top 10 companies occupy 37 percent of the total area of co-working space in China, compared to 75 percent for the top 100 companies, showing a trend of market centralization, according to a recent report released by the China Real Estate Chamber of Commerce and Haozu, an online-to-offline commercial real estate service platform.